I am to introduce myself. I am a .net programmer with 20 yrs exp. I use to be the lead programmer for an FX hedge fund in NYC. I have been using JForex until they changed the laws forbidding US citizens from holding accts outside of the US. Meaning, JForex is only supported by Dukascopy. Anyway, I am back to ninjatrader since Metatrader has frustrated me for the last time. Never again will I even consider Metatrader.
So, after many years of trying many different things I have finally stumbled on a strategy that has been paying off at around 8-10% profits per week. That's after trading live for 5 weeks. But, we all know how market conditions can change and render a strategy impotent so I am not quitting my day job yet.
I have come to the conclusion that no indicator can predict anything. IMHO they are all useless. This strategy is a risk reversal based on price and clever positioning of the profit target.
I am completely new to the trading scene and know absolutely nothing about it. It's been something I've been interested in trying for years but have never had the capital to start. My current job, while sometimes fun and rewarding, is outdoors and 6 days a week, 10 hours a day. I'm tired of not being able to live life, and I want better things for my family as well as myself. While I raise some money over the next 6 months or so to buy trading software and have an initial startup fund, I plan to fully immerse myself into this forum so that I can start understanding the lingo as well as strategy. Here's hoping that this is the start of a new life!
The following user says Thank You to AgentSmith for this post:
I've been swing trading on and off for the past 3 years and decided to dedicate more time to trading. I currently work full time in a completely different profession but would like to trade part time. I just recently discovered this forum and have found it very helpful. I'm still very new at this so if anyone has any tips for beginners please feel free to message me. As of now I haven't attended any trading class or seminar, but I have read a couple books which I found informative. Thank you for your time.
Yes I agree re the indicators I am assuming the bots algos are all programed to take account of and take advantage of retail traders who use indicators. Thats why I avoid the space where algos can operate and trade with retail traders as a higher percentage.